Selling in a complex foreign market First, the good news:
There is currently an influx of investors looking to buy real estate in Rocky Point, Mexico. If you’re in the market to sell your property, now is a great time.
And now the other reality:
Selling real estate in a foreign market is a complex process that requires extensive research, planning, and preparation. Many local transactions are complicated with issues like ownership of property and who is responsible for paying the Capital Gaines at closing. Also, your purchase may not have been recorded correctly at the time, which could now cause you a higher than necessary Capital Gaines as the seller.
Your tax liability will either be 20% of the declared value of the transaction or 28% to 30% of the net gain, minus any improvements or updates you’ve made, commissions you’ve paid, and other allowable expenses. Did reading that sentence give you a slight headache?
The complexity of real estate transactions in Mexico is why it’s vitally important you work with real estate professionals who have the expertise, knowledge, and integrity to get you the deal you deserve and handle all of the red tape on your behalf.
We represent YOU
Rocky Point Best Real Estate Services can help you understand ownership structure and strategize on how to lower you Capital Gaines tax. Our team has vast knowledge of the local laws and goes above and beyond to protect your best interests.
We handle sales in Puerto Penasco, Las Palomas , Cholla Bay, Sandy Beach, Las Conchas, Playa Encanto, Playa Mirimar, Laguna Del Mar, Laguna Shores, Santo Tomas, and Old Port.
We’ve earned the respect of our clients as well as the real estate community because of our ethics, integrity, and transparency. We are always happy to answer any questions you may have.
If you’re in the market to sell your Rocky Point real estate, get in touch with us today. Email us at firstname.lastname@example.org or call us on (480) 478-4784